RE: FimatFIMAT started trading RVX on Feb 1/07. Since that date here's what they've done:
Sold..: 158,900 shares for $3,126,723
Bought: 155,900 shares for $3,060,584
Difference is -3000 shares meaning they're short 3000 shares.
Difference in money is $66,139 to the good.
Subtract the cost of covering the short at today's price:
3000 shares x $16.50 = $49,500
So the profit for FIMAT since Feb 1 is $66,139 - $49,500 = $16,639.
That means that in 3 months using over $3 million on each side of its trades, handling over $6 million in other words, FIMAT made a profit before commissions and expenses of only $16,639.
They made no profit, in other words. Lurking brags about making this much over lunch.
RVX is the easiest stock on the planet to day trade. So why has FIMAT failed so miserably to make a profit. They're controlling the market for 1 or more other accounts, maybe National, certainly another one or more that remains anonymous.
Every bid and offer that FIMAT puts up is meant to make RVX "look" a certain way, moving up, moving down, whatever. They will even buy to make the market look like it's dropping. They just put 100 shares above the top bid as bait. Anybody who wants to sell usually has more than 100 shares to sell so a sale goes through, knocks out the FIMAT bait bid and takes out the next lowest bid resulting in a dropping stock. They can walk it down at will that way.
FIMAT is running the market, sweetest moving box you ever saw and they've got investors totally hypnotized.